Startups

09:26

                            At the opening of A-shares, the Shanghai Composite Index fell 0.08%, the Shenzhen Component Index rose 0.14%, and the ChiNext Index rose 0.22%. PEEK materials, AI glasses, and petroleum processing and trade sectors led the gains.
                        
03:14

                            Kunlun Wanwei: Net loss of 1.595 billion yuan in 2024, turning from profit to loss year-on-year
                        
                            Kunlun Wanwei announced that its operating income in 2024 will be 5.662 billion yuan, a year-on-year increase of 15.20%. The net loss in 2024 was 1.595 billion yuan, and the net profit in the same period last year was 1.258 billion yuan. Basic earnings per share is -1.3 yuan/share. The company plans not to pay cash dividends, bonus shares, or increase capital by providing public accumulation funds. Specifically, in order to consolidate the company's leading position in the field of AI, R&D investment was further increased during the reporting period, and the various short-term costs and related expenses incurred affected the profit performance of this period to a certain extent; on the other hand, investment income performance was also lower than the same period last year, and investment-related losses caused by fluctuations in financial asset prices were 820 million yuan. The above two factors combined resulted in a loss in performance during the reporting period.
                        
15:01

                            A-share closing review: ChiNext Index closed up 0.59% in a volatile manner, and the power sector rose collectively in the afternoon
                        
                            The three major A-share indices rose and fell today. As of the close, the Shanghai Composite Index fell 0.07%, the Shenzhen Component Index rose 0.39%, the ChiNext Index rose 0.59%, and the Beijing Stock Exchange 50 Index fell 1.11%. The total market turnover was 1,137 billion yuan, a decrease of 1.9 billion yuan from the previous day. More than 2,800 stocks rose in the entire market. In terms of sector themes, titanium dioxide, CPO, electricity, cloud computing, and AI medical sectors led the gains; innovative drugs, dairy, pet economy, and pork stocks led the declines. On the market, the AI hardware sector strengthened today, Zhishang Technology and Shijia Photonics hit the 20cm daily limit in the afternoon, and Yuanjie Technology, Taichen Optoelectronics, and Xinyisheng led the gains. The power sector rose in the morning and continued to rise near the end of the afternoon. More than 10 stocks such as Jiuzhou Group, Huadian Energy, and Huayin Power hit the daily limit. Most of the innovative drug sectors adjusted today, Jiangsu Wuzhong hit the daily limit, and Yuandong Bio and Warner Pharmaceuticals fell by more than 10%. The real estate sector rose and then fell, with stocks such as China Merchants Shekou, City Investment Holdings, and China Urban Development plunging and turning green in the afternoon.
                        
11:31

                            A-share midday review: ChiNext Index rose by more than 1% in half a day, with real estate and AI hardware sectors leading the gains
                        
                            The three major A-share indices rose collectively in the morning. As of midday, the Shanghai Composite Index rose 0.15%, the Shenzhen Component Index rose 0.87%, the ChiNext Index rose 1.07%, and the Beijing Stock Exchange 50 Index rose 1.11%. The market's half-day turnover was 733.1 billion yuan, down 46.9 billion yuan from the previous day. More than 3,800 stocks rose in the market. In terms of sector themes, real estate, AI hardware, electricity, tourism and hotels, and film and television theaters led the gains; innovative drugs, education, cross-border payments, and dairy sectors led the declines. On the market, the real estate sector rose in the morning, with Nan Guo Real Estate, Savills, Chongqing Development, and Dalong Real Estate hitting the daily limit. The power sector continued to be active, with Jiuzhou Group, Huayin Electric Power, Changyuan Electric Power, Xichang Electric Power, and Huadian Liaoneng closing the board. AI hardware directions such as optical modules and copper cable high-speed connections also performed strongly, with Shijia Photonics and Zhishang Technology rising by more than 10%, and Taichen Optics, Xinyi Sheng, and Zhongji Xuchuan leading the gains. Innovative drug stocks saw partial adjustments in early trading, with Jiangsu Wuzhong hitting the daily limit, Yuandong Biopharma and Warner Pharmaceuticals falling more than 10%. The cross-border payment sector also lagged behind, with Qingdao Kingking, Xinchen Technology, and Feitian Chengxin collectively adjusting.
                        
09:38

                            A-share AI medical concept stocks rose in early trading, with Celly Medical hitting the daily limit, Sichuang Medical rising more than 15%, and Hongbo Pharmaceutical, Chuangye Huikang and other stocks rising sharply.
                        
19:12

                            Five financial asset investment companies in China have established and registered AIC equity investment funds in Tianjin.
                        
                            The reporter learned from the Tianjin Financial Regulatory Bureau that as of now, five financial asset investment companies, including ICBC Investment, ABC Investment, BOC Investment, CCB Investment and BoCom Investment, have established and registered AIC equity investment funds in Tianjin.
                        
15:02

                            A-share closing review: Shanghai Composite Index fluctuated slightly up 0.03%, and cross-border payment sectors collectively pulled back
                        
                            The three major A-share indices rose and fell today. As of the close, the Shanghai Composite Index rose 0.03%, the Shenzhen Component Index fell 0.58%, the ChiNext Index fell 0.68%, and the Beijing Stock Exchange 50 Index fell 3.44%. The total market turnover was 1,138.9 billion yuan, a decrease of 123.5 billion yuan from the previous day. More than 3,600 stocks fell in the entire market. In terms of sector themes, PEEK materials, beauty care, electricity, pet economy, banking, and chemical pharmaceutical sectors led the gains; new stocks, data security, cloud computing, and Zhipu AI concept stocks led the declines. On the market, PEEK material concept stocks fluctuated and strengthened in the afternoon, and Xinhan New Materials, CGN Technology, and Zhongxin Fluorine Materials hit the daily limit. The power sector strengthened today, and Huayin Power, Guangxi Energy, Xichang Electric Power, Chendian International, and Shaoneng Shares hit the daily limit during the session. The banking sector was also active today, with Bank of China, Industrial and Commercial Bank of China, and Agricultural Bank of China all hitting record highs during the session. In terms of other stocks, Anji Food and Shuangcheng Pharmaceutical both went out of the "ground-sky board" in the afternoon. The cross-border payment sector adjusted today, with Lakala and ETLink falling by more than 10%, Innoyard hitting the daily limit, and New Capital and Zhongyi Technology leading the decline.
                        
11:31

                            A-share midday review: ChiNext Index fell 0.68% in half a day, power and pet economy concept stocks rose against the market trend
                        
                            The three major A-share indices fell collectively in the morning trading. As of midday, the Shanghai Composite Index fell 0.1%, the Shenzhen Component Index fell 0.66%, the ChiNext Index fell 0.68%, and the Beijing Stock Exchange 50 Index fell 2.8%. The market's half-day turnover was 780.1 billion yuan, down 9.1 billion yuan from the previous day. More than 4,100 stocks fell in the market. In terms of sector themes, PEEK materials, beauty care, pet economy, electricity, banking, and chemical pharmaceutical sectors led the gains; new stocks, AI applications, computing power, and data element sectors led the declines. On the market, the power sector rose in the morning, with Huayin Power, Xichang Power, Chendian International, and Shaoneng shares hitting the daily limit. Pet economy concept stocks rose during the session, with China Pet Foods and Guaibao Pets hitting record highs, and Tianyuan Pets, Luss Pets, and Yuanfei Pets all rising sharply. Innovative drugs and chemical pharmaceutical sectors also performed actively in the morning, with Jinkai Biosciences, Hehua Co., Ltd., Kailaiying, and Lingkang Pharmaceuticals hitting the daily limit. Newly listed stocks performed poorly in the early trading session, with Gangdi Technology falling more than 10%, Jialiqi, Tianhe Magnetic Materials, and Honggong Technology all falling. AI application and computing power concept stocks also lagged behind, with Xingguang shares hitting the limit, and Xinkaipu, Xin Guodu, and Xinzhi Software leading the decline.
                        
21:30

                            Market news: Tether issuer Tether, SoftBank Group and Jack Mallers launched a Bitcoin company Twenty-One through a business merger with Cantor Equity Partners.
                        
07:36

                            According to the Financial Times: Financial services company Cantor has secured nearly $3 billion in funding for its cryptocurrency venture in partnership with SoftBank and Tether. Tether will provide $1.5 billion worth of Bitcoin, while SoftBank and Bitcoin trading platform Bitfinex will contribute $900 million and $600 million respectively.
                        
12:31

                            SoftBank Group: Plans to issue 600 billion yen 5-year bonds with a coupon rate of 3.34%
                        
                            SoftBank Group said it plans to issue 600 billion yen of five-year bonds with a coupon rate of 3.34%.
                        
15:40

                            Zhang Yong, former CEO of Nezha Auto, responds to rumors: Still serving as consultant for Nezha Auto
                        
                            Recently, there were rumors that Zhang Yong, the former CEO of Nezha Auto, had applied for a UK visa before leaving the company and is currently in the UK. In response, Zhang Yong responded on WeChat Moments, "Thank you for your concern. I have seen some rumors on the Internet. I am still a consultant for Nezha Auto and running around to raise funds for the company."
                        
11:31

                            A-share midday review: ChiNext Index rose 1.78% in half a day, and agriculture and consumer sectors strengthened collectively
                        
                            The three major A-share indices rebounded collectively in the morning trading today. As of noon, the Shanghai Composite Index rose by 0.91%, the Shenzhen Component Index rose by 0.42%, the ChiNext Index rose by 1.78%, and the Beijing Stock Exchange 50 Index rose by 3.83%. The market's half-day turnover was 1,043.1 billion yuan, a decrease of 46.1 billion yuan from the previous day. More than 3,200 stocks rose in the market, and more than 100 stocks fell by the limit. In terms of sector themes, agriculture, supply and marketing cooperatives, and large consumer sectors rose at the top; the Tonghuashun Fruit Index and industrial metals sector plummeted. On the market, the agricultural sector continued to strengthen, with Qiule Seed, Chenguang Biology, Agricultural Products, Wanxiang Denong, Xinsai Shares, Huilong Shares and many other stocks hitting the daily limit. The concept of large consumption continued to rise, and the retail and food sectors led the rise. More than 20 constituent stocks such as Supply and Marketing Cooperatives, Dongbai Group, Zhongbai Group, Yiming Food, Dashang Shares, Guoguang Chain, Beingmate, and Yonghui Supermarket hit the daily limit. The supply and marketing cooperative sector led the gains, with Swan Shares, Sino-Agri United, Zhejiang Agricultural Shares, and Tianhe Shares hitting their daily limit. The Flush Index plummeted, with Lingyi Intelligent Manufacturing, Goertek, Dongshan Precision, and Luxshare Precision hitting their daily limit.
                        
15:02

                            A-share closing review: Shanghai Composite Index fell 7.34% and fell below 3100 points. More than 2,800 stocks in the market hit the limit down
                        
                            The three major A-share indices closed down today. As of the close, the Shanghai Composite Index fell 7.34%, the Shenzhen Component Index fell 9.66%, the ChiNext Index fell 12.5%, and the Beijing Stock Exchange 50 Index fell 17.95%. The total market turnover was 1618 billion yuan, an increase of 459.7 billion yuan from the previous day. More than 5,200 stocks fell in the market, and more than 2,800 stocks hit the limit. In terms of sector themes, the agriculture and GMO sectors rose against the trend; the consumer electronics and battery sectors fell sharply. On the market, all kinds of mainstream A-share indexes fell collectively, with the Shanghai Composite 50 Index falling more than 5%, the CSI 300 Index falling more than 7%, the CSI 1000 Index falling more than 11%, the micro-cap index falling more than 11%, and the CSI 2000 Index falling more than 12%; the agriculture and GMO sectors rose against the market trend, with Shennong Seed, Dunhuang Seed, Beidahuang, Wanxiang Denong, Fucheng Shares, Jinhe Bio and many other stocks hitting the daily limit, and Xiaoming Shares and Kangnong Seed ranked first in terms of growth; the consumer electronics sector continued to fall, with more than 20 stocks such as Goertek, Luxshare Precision, Fu Ri Electronics, Lianchuang Optoelectronics, Edifier, and Foxconn Industrial Internet hitting the daily limit. In terms of hot stocks, Chemtech Gas staged a ground-to-sky board, recording 6 boards in 7 days.
                        
11:31

                            A-share midday review: Shanghai Composite Index fell 6.34% in half a day, while agriculture and breeding sectors rose against the trend
                        
                            The three major A-share indices fell collectively in the morning trading today. As of noon, the Shanghai Composite Index fell 6.34%, the Shenzhen Component Index fell 8.01%, the ChiNext Index fell 9.74%, and the Beijing Stock Exchange 50 Index fell 10.04%. The market's half-day turnover was 1,089.2 billion yuan, an increase of 342.9 billion yuan from the previous day. More than 5,211 stocks fell in the market, and more than 1,400 stocks in the two markets hit the limit. In terms of sector themes, the agriculture and breeding sectors rose against the trend; the consumer electronics and copper cable high-speed connection sectors fell sharply. On the market, all kinds of mainstream A-share indexes fell collectively, with the Shanghai Composite 50 Index falling more than 5%, the CSI 300 Index falling more than 6%, the CSI 1000 Index falling nearly 9%, the micro-cap index falling more than 9%, and the CSI 2000 Index falling more than 10%; the agriculture, GMO, and breeding sectors rose against the market trend, with Shennong Seed, Dunhuang Seed, Beidahuang, Wanxiang Denong, Fucheng Shares, Xiangjia Shares, Jinhe Bio and many other stocks hitting the daily limit, and Xiaoming Shares and Kangnong Seed were among the top gainers; the consumer electronics sector continued to fall, with more than 20 stocks such as Goertek, Luxshare Precision, Fu Ri Electronics, Lianchuang Optoelectronics, Edifier, and Foxconn Industrial Internet hitting the daily limit. As for hot stocks, Kaimet Gas staged a ground-to-sky board in the early trading, recording 6 boards in 7 days.
                        
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